ZipRecruiter reported fourth‑quarter 2025 revenue of $111.7 million, up 1% from $111 million in Q4 2024, and a full‑year 2025 revenue of $449.0 million, down 5% from $474.0 million in 2024. The decline reflects a 10% year‑over‑year drop in job openings and a softer hiring environment that weighed on demand for the company’s core recruiting services.
The company posted a Q4 net loss of $0.8 million, a sharp improvement from the $10.8 million loss in Q4 2024, driven by lower operating expenses and a higher mix of enterprise‑level contracts. Full‑year 2025 net loss was $33.0 million, a 7% loss margin, reflecting the broader revenue decline and continued investment in product development.
Adjusted EBITDA reached $40.8 million for the full year, a 9% margin, and $16.2 million for Q4 2025, a 15% margin. The margin expansion in the quarter was largely due to a higher proportion of performance‑based revenue and disciplined cost management, offsetting the modest revenue growth.
"ZipRecruiter maintained its momentum to close 2025 despite a soft hiring market, achieving year‑over‑year revenue growth in the fourth quarter and exceeding its Adjusted EBITDA expectations for the full year. This performance is a testament to ZipRecruiter’s execution in a weaker labor market," said CEO Ian Siegel.
"We are entering 2026 with an even stronger product portfolio, with recently launched ‘Be Seen First’ and improved AI‑powered solutions that increase candidate engagement. As we navigate 2026, we are maintaining a disciplined cost structure while investing in the next generation of hiring technology. We remain confident that ZipRecruiter is well‑positioned to define the future of recruiting in the AI era and capture growth as labor market conditions normalize," added Siegel.
"On behalf of the Board and the entire ZipRecruiter team, I want to thank Tim for his many years of dedicated service and the meaningful contributions he has made to our company. He has helped ZipRecruiter maintain financial strength through a challenging hiring environment, and we wish him continued success in his next opportunity," said Siegel.
"We are pleased that Dave Travers will be stepping into the role of interim Chief Financial Officer. Dave previously served as Chief Financial Officer at ZipRecruiter and brings deep familiarity with our financial operations. We have also initiated a comprehensive search to identify our next Chief Financial Officer," added Siegel.
"Q4 ’25 revenue reached $112 million, representing 1% year‑over‑year growth. This is a significant milestone, marking our first quarter of year‑over‑year growth since the market decline began in Q3 of ’22. This performance is consistent with the scenario we outlined over the course of 2025, and we believe our execution, brand resilience and strong market position overcame what continues to be a challenging macroeconomic backdrop," said President and Interim CFO David Travers.
"Our Q1 2026 revenue guidance of $106 million at the midpoint, down 4% year‑over‑year and 5% sequentially, reflects the lower baseline of paid employers as we started Q1. Our Adjusted EBITDA guidance midpoint of $5 million represents a 5% margin, which is flat year‑over‑year and demonstrates our financial flexibility as we navigate the current labor market backdrop," Travers added.
Investors reacted with mixed sentiment. Some welcomed the return to year‑over‑year revenue growth and margin expansion, while others expressed concern over the revenue miss relative to analyst estimates and the full‑year decline.
The CFO transition, with Tim Yarbrough stepping down and David Travers assuming the role effective February 26 2026, signals continuity in financial stewardship while the company continues to invest in AI‑driven product innovation and market expansion.
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